Ontario’s Five-Year Outlook—December 2025

Ontario’s Five-Year Outlook—December 2025

Provincial Economic Analysis
15 min read

Author: The Conference Board of Canada

$705.00

This annual economic forecast for the province of Ontario examines the economic outlook for the province, including gross domestic product (GDP), output by industry and labour market conditions.

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Navigating the Storm Before Calm on the Horizon

Ontario’s economy is expected to grow by a modest 0.7 per cent in 2025 as tariffs imposed by the U.S. weigh on growth.

Will Ontario’s economy continue to struggle in 2026? What is the outlook for growth between 2027 and 2030? Will shifting demographics further dampen Ontario’s economic prospects? What about investment in residential and non-residential structures? And will the Ontario government stay on course to balance the budget by fiscal year 2027–28?

Check out our online experience for a fuller picture of Ontario’s five-year outlook.

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